Venture

Venture: CIMB maintains Sell Call. House note that stock appears to be at its tail end of its consolidation triangle and the next move is likely to be down as a triangle is usually a continuation pattern.

The recent bullish divergence on both its MACD and RSI could be attributed to the triangle pattern and with both turning down again, a breakdown of the triangle is the more likely outcome.
Recommend Sell now with a tight stop placed above $6.69. A break below $6.30 would mean that prices are headed towards S$6.00-6.10 next. The following support is at $5.85.